• CPM Policy covers unforeseen and sudden physical loss or damage to the insured items, necessitating their repair or replacement. The policy covers sudden, accidental, external damage to the insured machinery such as various types of mobile equipment’s like earthmovers, excavators, cranes, shovels, forklifts due to any cause whilst at work, at rest or during maintenance operations at construction sites only.

Scope of Cover

• The CPM Policy covers Contractor’s Plants, Machinery and Equipments against any unforeseen or sudden physical loss or damage from any cause, including electrical or mechanical breakdown. The indemnity under the policy is for replacement or repair.